Valor Estate Limited (formerly D B Realty Limited) has announced the outcome of its Board of Directors meeting held on August 14, 2026. The Board considered and approved the Unaudited Standalone and Consolidated Financial Results for the first quarter ended June 30, 2026, along with the Limited Review Report. Additionally, the Board approved the appointment of M/s. Mehta Chokshi & Shah LLP as the new Statutory Auditors for a term of 5 years, succeeding M/s. N. A. Shah Associates LLP.
Quarterly Financials Approved
The Board of Directors of Valor Estate Limited, previously known as D B Realty Limited, convened on Friday, August 14, 2026. During this meeting, the Board reviewed and approved the company’s Unaudited Standalone and Consolidated Financial Results for the first quarter and three months ending June 30, 2026. This approval also includes the accompanying Limited Review Report provided by the company’s Statutory Auditors. The financial statements are being shared as per SEBI LODR Regulations.
New Statutory Auditors Appointed
In a significant governance update, the Board, based on the recommendation of the Audit Committee, approved the appointment of M/s. Mehta Chokshi & Shah LLP as the new Statutory Auditors. This appointment is for a term of 5 consecutive years, commencing from the conclusion of the 20th Annual General Meeting (AGM) in 2026 until the conclusion of the 25th AGM in 2031. The appointment is subject to shareholder approval at the upcoming 20th AGM.
The current Statutory Auditors, M/s. N. A. Shah Associates LLP, whose term was for 5 consecutive years starting from the 15th AGM on September 30, 2021, will complete their tenure at the conclusion of the 26th AGM in 2026. The detailed information regarding the appointment of the new auditors, as per SEBI LODR Regulations, is provided in Annexure I.
Auditor Profile
M/s. Mehta Chokshi & Shah LLP, with Firm Registration No. 106201W/W100598, is a Chartered Accountants firm registered with the Institute of Chartered Accountants of India. Established in 1963, it operates as a multifunctional professional service firm offering value-added services. The firm emphasizes technically sound, innovative, and utilitarian solutions for its clients and has a client base with relationships spanning over six decades. It currently operates from 4 locations: 3 in Mumbai and 1 in Ahmedabad.
The firm holds a valid Peer Review Certificate issued by the Peer Review Board of ICAI. No disclosure of relationships between the new auditors and the company’s directors is applicable in this case.
Source: BSE
